Intapp (NASDAQ:INTA) Reaches New 12-Month High – Should You Buy?

Intapp, Inc. (NASDAQ:INTA) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $77.74 and last traded at $74.00, with a volume of 47347 shares. The stock had previously closed at $74.10.

Wall Street Analysts Forecast Growth

INTA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Intapp from $58.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Citigroup reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $87.00) on shares of Intapp in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $71.00 price target (up from $60.00) on shares of Intapp in a report on Tuesday, February 4th. UBS Group upped their price target on shares of Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Truist Financial lifted their price objective on Intapp from $55.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Intapp presently has an average rating of “Moderate Buy” and an average price target of $66.45.

Intapp Trading Down 2.4 %

The stock has a fifty day moving average of $67.92 and a two-hundred day moving average of $55.48. The company has a market capitalization of $5.74 billion, a PE ratio of -249.41 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts forecast that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at Intapp

In other Intapp news, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total value of $1,196,318.20. Following the completion of the sale, the insider now owns 803,400 shares in the company, valued at approximately $47,641,620. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Scott Fitzgerald sold 5,221 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $59.30, for a total transaction of $309,605.30. Following the completion of the transaction, the chief marketing officer now owns 46,552 shares in the company, valued at $2,760,533.60. This represents a 10.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 316,846 shares of company stock worth $20,158,913 over the last three months. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

Hedge funds and other institutional investors have recently modified their holdings of the company. FORA Capital LLC purchased a new position in Intapp during the 3rd quarter valued at about $566,000. Loomis Sayles & Co. L P grew its position in shares of Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after buying an additional 343,275 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Intapp by 1,054.0% during the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock valued at $28,000 after buying an additional 527 shares during the period. Barclays PLC raised its holdings in shares of Intapp by 90.1% during the third quarter. Barclays PLC now owns 106,781 shares of the company’s stock valued at $5,108,000 after acquiring an additional 50,607 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Intapp during the third quarter valued at approximately $468,000. 89.96% of the stock is owned by institutional investors.

About Intapp

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.